Indian Oil Corporation Invites Bids to Enhance Solar Capacity and Embracing Net Metering at 18 RCP/MOV Locations of PHPL

Indian Oil Corporation (IOCL) has announced a call for bids for net zero conversion of 18 no of RCP/ MOV locations of PHPL by augmenting solar capacity and adopting net metering scheme.

The deadline for bid submission is set for February 9, 2024, with bid openings scheduled for February12.

Earnest money deposit (EMD) of Rs. 43,700/- is required to be submitted by the bidders through online payment facility provided in e-tender portal.

Certain entities are eligible for an exemption from the obligation to submit Earnest Money Deposit (EMD) during the procurement process. This includes Micro and Small Enterprises (MSEs) registered with agencies or bodies as per the guidelines outlined in the Public Procurement Policy for MSEs Order 2012, issued by the Ministry of Micro, Small and Medium Enterprises, Government of India.

Importantly, this exemption is applicable irrespective of the specific items for which these MSEs are registered, and their registration should be valid as of the Techno-Commercial bid opening date.

Public sector undertakings under the purview of the Central or State Government are also exempt from the EMD submission requirement.

Joint Ventures (JVs) involving the Indian Oil Corporation (IOC) are eligible for exemption from the EMD obligation.

Furthermore, registered startups enjoy the privilege of being exempted from the necessity to submit an Earnest Money Deposit during the procurement process.

The agreement for the tasks will remain in effect for a duration of four 4 months starting from the date of the specific notice issued by the EIC.

The bidder must have accomplished comparable projects, either as a primary contractor or subcontractor, within the past seven years, concluding on the last day of the month immediately preceding the month in which the final bid submission date falls. This criterion holds even if the bid submission date is extended.

The qualifications are as follows:

• One successfully completed similar project (including goods and services tax or service tax, whichever is applicable) with a minimum cost of ₹21.84 lakh. OR
• Two successfully completed similar projects (including goods and services tax or service tax, whichever is applicable) each with a minimum cost of ₹17.47 lakh. OR
• Three successfully completed similar projects (including goods and services tax or service tax, whichever is applicable) each with a minimum cost of ₹13.10 lakh.

To be eligible, bidders must showcase an annual turnover of at least ₹26.2 lakhs in any of the last three financial years. This call for bids presents a significant opportunity for qualified consultants to contribute to the development of renewable energy projects in India.